National Equity Fund partner, Archway Housing & Services, recently celebrated the grand opening of The Flats at Two Creeks, a new 78-unit affordable permanent supportive housing complex with 20 units set aside for chronically homeless veterans in Lakewood, Colorado.
NEF provided $8.1 million of LIHTC equity and $1.43 million in gap financing along with technical support and an early pre-development grant of $40,000 with funds from Northrop Grumman through our Bring them HOMES program.
This is NEF’s second collaboration with Archway Housing — the first was 40 West Residences, an adjacent development, which also set 25 percent of its units aside for homeless veterans. We appreciated Archway’s leadership to completed another affordable housing project in Lakewood that gives veterans the chance to really co
January 2020 home.